Almabani General Contractors, a well-known Saudi contractor, recently won two major road projects worth 8.7 billion Saudi riyals (about US$2.3 billion), setting a new record for the amount of a single bid won by a local construction company in Saudi Arabia. This major infrastructure project not only demonstrates the vigorous vitality of the Saudi infrastructure market, but also provides an important opportunity for Chinese enterprises to participate in the construction of Saudi Arabia's "Vision 2030".

Two benchmark projects have achieved breakthroughs in technological innovation and green standards: the King Abdullah Financial District (KAFD) road project uses a new composite modified asphalt material that can extend the service life of the pavement by 50% to more than 15 years; The Tumama Road project introduces the first full-scenario 5G intelligent traffic management system in the Middle East, which can realize automatic warning of traffic accidents within 15 seconds and improve traffic efficiency by 30% during peak periods. Both projects strictly follow Saudi Arabia's "Green Building Code 2.0", which requires a 40% reduction in carbon emissions and an 80% water resource recycling rate during the construction stage.

Market analysts pointed out that this major infrastructure project brings multiple opportunities for Chinese companies: first, with the existing project experience in Saudi Arabia, Chinese companies are expected to further expand their market share; Secondly, through cooperation with advanced technology enterprises, Chinese enterprises can enhance their technical strength in the fields of intelligent transportation and new building materials; In addition, the project will promote the integration of Chinese enterprises into the whole industry chain resources such as design, construction, and material supply; Finally, participating in such high-standard programs helps to develop an international team of professionals.

At present, the Saudi infrastructure market is developing rapidly driven by the "Vision 2030", and plans to invest more than US$100 billion in transportation, municipal and other fields in 2023. China State Construction, China Communications Construction and other enterprises have successfully participated in projects such as the King Salman Knowledge Zone and port expansion, showing strong competitiveness. The landing of the 8.7 billion order marks that the Saudi infrastructure market has entered a new round of development and provides an important opportunity for Chinese enterprises to deeply participate in the high-end infrastructure market in the Middle East. (This article is from the official website of Jiandao www.seetao.com it must not be reprinted without permission, otherwise it will be investigated, please indicate the reprint of Jiandao.com + original link) See the Middle East column editor/Gao Xue